SPY422.11-2.37 -0.56%
DIA340.76-2.65 -0.77%
IXIC14,039.68-33.17 -0.24%

Opendoor Technologies Reports Narrower Q1 Loss; Revenue Drops

05/11/2021 12:41

04:37 PM EDT, 05/11/2021 (MT Newswires) -- Opendoor Technologies (OPEN) reported after markets closed on Tuesday a Q1 net loss of $0.48 per share, compared with a net loss of $0.74 per share. Analysts polled by Capital IQ had called for $0.49 loss per share.

Revenue totaled $747.3 million for the March quarter, down from $1.26 billion a year earlier. Wall Street was looking for $620.1 million.

Price: 17.55, Change: +0.10, Percent Change: +0.57